PPI Shows No Price Traction: Dear Econoday Parrot
The Producer Price Index (PPI) was up 0.1% month over month and 2.0% year over year, the latter down from 2.4%. The Econoday parrot was not happy. Inflation data, wherever one looks, are weak. Producer prices edged only 0.1 percent higher in June as did the less food & energy reading with year-on-year rates moving down noticeably, to […]
5 Stocks With Recent Price Strength To Enhance Your Returns
Every investor wishes to have a magical portfolio of stocks with a one way ticket to success. But this is easier said than done. And when the market is as volatile as it is now, things may take a turn for the worse any moment. No matter how disciplined and systematic investors are, equity market […]
In Effort To Regain ‘Cool,’ Tiffany Names Former Diesel Executive As New CEO
Shares of Tiffany & Co. (TIF) have jumped in early trading after the luxury goods retailer named a former Bulgari executive as its new chief executive officer. The newly appointed CEO will face challenges, including turning around sales and getting its “cool” reputation back. BOGLIOLO NAMED CHIEF: Tiffany said this morning that it has named […]
Yellen Sounding More Like Yellen Again
When it comes to the markets, the slightest change in the narrative can make all the difference at times. And based on the market action yesterday, this might be one of those times. I wrote on Wednesday that rising bond yields (if the move were to continue, that is) could become the next problem for […]
Yellen’s July Semiannual Testimony And Gold
Yellen testified yesterday before the Congressional Committee on Financial Services. What do her remarks mean for the gold market? On Wednesday, Janet Yellen, the Federal Reserve Chair, testified before the Congress. In her prepared remarks, she noted that since her last appearance before this committee in February, the labor market had continued to strengthen. Although economic growth […]
40% Of The Fed’s Interest On Excess Reserves Is Paid To Foreign Banks
Even as both the Fed and Wall Street are gripped by a raging debate over when, how and how much the Fed should shrink its balance sheet, most appear to be ignoring the $2.1 trillion elephant in the room: the fact that every incremental increase in the Fed Funds rate (also an increase in the […]
L Brands – Investing In Underwear
Earlier this week I sold two cash secured puts for L Brands Inc. This morning I decided to buy 100 shares and sell a covered call. Retailer stocks have been hit hard this year, especially so the past 30 days. Amazon is kicking everyone’s butts. L Brands is suffering too. The company stock is hovering […]
Sterling, McCafferty, And BOE Policy
Sterling’s advance today is being attributed to comments by a member of the Bank of England’s Monetary Policy Committee McCafferty. However, we suspect it was a news item that was used to justify the price gains that was already underway. Sterling had been sold to a two-week low early yesterday as BOE Deputy Governor Broadbent confirmed our suspicions that he would side more with […]
Cenovus Energy: A Cheap Stock Worth Taking A Chance On
The big money when investing is when you can pick the beaten down stocks that will come back in a few years and net you a hefty profit. The great Peter Lynch called these “triplebaggers” as you triple your initial investment. One beaten down stock to look into is Cenovus Energy (NYSE: CVE). There are many factors […]
Better Dividend Aristocrat: Kimberly-Clark Or Colgate-Palmolive?
Kimberly-Clark (KMB) and Colgate-Palmolive (CL) have a lot in common. They are both giants in the consumer staples sector, and both have raised their dividends for several decades. Both stocks are Dividend Aristocrats. The Dividend Aristocrats Excel spreadsheet has 51 stocks with 25+ consecutive years of dividend increases. Kimberly-Clark has paid dividends for more than 80 years, […]
